AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $50.18 and last traded at $50.18, with a volume of 4315 shares changing hands. The stock had previously closed at $50.34.
AB Ultra Short Income ETF Trading Down 0.3%
The company’s 50-day simple moving average is $50.33 and its two-hundred day simple moving average is $50.44.
Institutional Trading of AB Ultra Short Income ETF
Large investors have recently modified their holdings of the business. Raymond James Financial Inc. increased its holdings in AB Ultra Short Income ETF by 71.6% during the 3rd quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock valued at $44,085,000 after purchasing an additional 363,083 shares during the period. Kensington Asset Management LLC lifted its holdings in AB Ultra Short Income ETF by 39.6% in the 1st quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after buying an additional 204,197 shares during the period. Bank of America Corp DE lifted its holdings in AB Ultra Short Income ETF by 344.0% in the 1st quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after buying an additional 182,456 shares during the period. Wells Fargo & Company MN grew its position in shares of AB Ultra Short Income ETF by 27.3% in the 4th quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock worth $37,678,000 after buying an additional 159,927 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of AB Ultra Short Income ETF by 151.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 191,791 shares of the company’s stock worth $9,682,000 after buying an additional 115,406 shares during the last quarter.
AB Ultra Short Income ETF Company Profile
The Ab Ultra Short Income ETF (YEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to government and corporate ultra-short-term bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than one year. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.
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